Undervalued Oil Giant Chevron Could Rise 30%

Years of investment in production should pay off in the coming quarters, rewarding investors who buy low.

Oil giant Chevron has spent the past few years investing in its future, which has created a powerful opportunity for investors. A capital-spending blitz has depressed the company's earnings in the short term, keeping a lid on the share price. Meanwhile, the payoff will be greater profits down the road to share with investors wise enough to get in now.

Chevron (ticker: CVX) is poised for a resurgence of profits in late 2014 and beyond...